Citadel Securities · Cointelegraph
Robinhood takes stakes in Crypto.com, OG.com in prediction markets agreement
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Robinhood will route event contracts through OG.com’s CFTC-regulated infrastructure as it expands its prediction markets business.
Key facts
- Bernstein analysts estimated in July that Robinhood’s revenue, including prediction markets, could reach $1.7 billion by 2028
- The deal follows OG.com’s spin-off from Crypto.com at a $5 billion valuation and comes less than two months after reports that Robinhood was in talks with Crypto
- Robinhood launched its prediction markets hub in March 2025 with CFTC-regulated exchange Kalshi and later expanded its prediction market infrastructure
- The legal wrangling escalated last week with New Jersey petitioning the US Supreme Court to weigh in on whether states can regulate sports contracts offered on CFTC-regulated prediction markets
Summary
Robinhood has taken equity stakes in Crypto.com and its newly spun-off prediction market platform OG.com as part of a multi-year deal to use OG.com’s regulated infrastructure for event contracts. Under the agreement, Robinhood will route retail event contracts through OG.com’s Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange and clearinghouse, with the rollout beginning Tuesday for eligible US customers. According to Tuesday’s announcement, the online brokerage will receive initial equity stakes in both Crypto.com and OG.com, with the stakes priced at the valuations established by an earlier Citadel Securities investment in the platforms. The deal follows OG.com’s spin-off from Crypto.com at a $5 billion valuation and comes less than two months after reports that Robinhood was in talks with Crypto.com to expand its prediction markets offering.